Answered

What was the effect of the increasing use of installment buying during the 1920s?

A. Unemployment steadily increased.
B. Consumer spending greatly increased.
C. The national debt began to grow quickly.
D. The U.S. economy industrialized rapidly.



Answer :

GinnyAnswer

Final answer:

The increasing use of installment buying during the 1920s greatly increased consumer spending.


Explanation:

Consumer spending greatly increased due to the increasing use of installment buying during the 1920s. This allowed more Americans to purchase goods on credit, leading to a rise in household appliance and automobile sales. The availability of credit through installment plans fueled economic growth and increased Gross National Product.


Learn more about Impact of installment buying in the 1920s here:

https://brainly.com/question/2665288


Other Questions